Equity BancShares Inc (NASDAQ:EQBK) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $22.00.
EQBK has been the subject of a number of recent analyst reports. BidaskClub raised Equity BancShares from a “sell” rating to a “hold” rating in a research report on Wednesday, September 9th. ValuEngine raised Equity BancShares from a “sell” rating to a “hold” rating in a research report on Tuesday, September 1st. DA Davidson downgraded Equity BancShares from a “buy” rating to a “neutral” rating in a research report on Thursday, July 16th. Finally, Zacks Investment Research downgraded Equity BancShares from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st.
Shares of NASDAQ EQBK traded up $0.26 during trading on Monday, hitting $15.85. 25,470 shares of the company were exchanged, compared to its average volume of 58,423. The company has a fifty day moving average price of $15.81 and a 200-day moving average price of $16.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $241.21 million, a PE ratio of 10.64 and a beta of 0.81. Equity BancShares has a 12-month low of $12.49 and a 12-month high of $31.91.
Equity BancShares (NASDAQ:EQBK) last issued its quarterly earnings data on Wednesday, July 22nd. The bank reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $38.62 million for the quarter, compared to analyst estimates of $38.21 million. Equity BancShares had a return on equity of 5.35% and a net margin of 12.28%. Research analysts anticipate that Equity BancShares will post 1.12 earnings per share for the current fiscal year.
In other news, Director Gary C. Allerheiligen bought 2,000 shares of the company’s stock in a transaction on Monday, September 14th. The stock was bought at an average cost of $16.84 per share, with a total value of $33,680.00. Following the transaction, the director now directly owns 13,750 shares in the company, valued at approximately $231,550. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders acquired 4,500 shares of company stock valued at $70,475. 8.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. grew its position in shares of Equity BancShares by 35.1% during the first quarter. Citigroup Inc. now owns 4,348 shares of the bank’s stock worth $75,000 after buying an additional 1,130 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Equity BancShares by 163.7% during the first quarter. BNP Paribas Arbitrage SA now owns 4,649 shares of the bank’s stock worth $80,000 after purchasing an additional 2,886 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Equity BancShares during the second quarter worth approximately $137,000. Deutsche Bank AG lifted its stake in Equity BancShares by 93.0% during the first quarter. Deutsche Bank AG now owns 9,569 shares of the bank’s stock worth $165,000 after purchasing an additional 4,611 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Equity BancShares by 17.3% during the first quarter. Alliancebernstein L.P. now owns 14,900 shares of the bank’s stock worth $257,000 after purchasing an additional 2,200 shares during the last quarter. 66.92% of the stock is owned by institutional investors.
About Equity BancShares
Equity Bancshares, Inc operates as a bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.
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